facts about chartering a state-chartered bank - Department of ...

) Any material adverse comment is received by the Department;
c) Other supervisory concerns, legal issues, or policy issues come to the attention of the Department;
d) If applicable, any acquisition of fixed assets would cause the institution to exceed the state fixed asset
limitation;
e) Any other good cause exists for denial or removal.
NOTE: If the applicant meets all of the criteria above, with the exception of the holding company size criteria, the
application could still be processed in a timely manner. In such cases, the applicant should discuss the proposal with
the Department prior to submitting the application.
3a. PROCEDURES (EXPEDITED PROCESSING)
Initial contact should be made by phone with the Corporate Manager at (770) 986-1645.
1. When the entire organizers group has been formed, a meeting will be scheduled with the Commissioner, Senior Deputy
Commissioner, and Deputy Commissioner for Supervision at the Office of the Department of Banking and Finance. A
representative from the FDIC (and FRB, if applicable) will also be invited to attend the meeting. The application will
be distributed during this meeting at no cost to the organizers.
2. Publication of the public comment notification required by Rule 80-1-1-.04 may commence no more than five days
prior to submission of the application with the Department. This publication shall be published in a newspaper of
general circulation in the community in which the applicant’s main office is located and in a newspaper of general
circulation in any other community in which the applicant proposes to engage in business.
3. The application should be filed concurrent with the appropriate Federal regulator. The applicant will be notified within
ten (10) business days of receipt of the application. The Department will notify the applicant when the application is
substantially complete. The Department and the FDIC may waive a formal field investigation. However, if a field
investigation is determined necessary, the field investigation will be joint with the Federal regulator, when possible.
4. For an application submitted under expedited processing, the Department should take action within 60 days of
acceptance of the application unless the processing time is extended by a request of additional information prior to or
during the investigation process.
NOTE: The application procedure will be extended in the event of any filing of a formal protest.
3b. DOCUMENTS REQUIRED (EXPEDITED PROCESSING)
1. Application which should include the exact street address location of the proposed main office or a specific location.
The application should include the following also:
a) Financial and Biographical forms on all proposed Directors, Officers, and shareholders of 10% or more of the stock
to be offered.
b) Interagency Charter and Federal Deposit Insurance Application and all required exhibits. Please refer to specific
exhibits and pages of exhibits on the application form itself.
c) Three year business plan.
d) CRA Statement.
e) Affidavit required by Section 7-1-391, included in the State Certificate for Application.
NOTE: An expedited application may be granted waivers on submission of certain financial and background
information on the organizers. Where the de novo bank is purchasing and assuming the assets/liabilities of an existing
branch(s), the amount of information required in support of the Convenience and Needs factor may be abbreviated since
the bank would be replacing a competitor in the market.
2. Certificate of name reservation with the Secretary of State’s Office pursuant to Code Section 7-1-131.
3. Three copies of the Articles of Incorporation with original signatures and a check made payable to the Secretary of State
for the applicable fee. Publisher’s affidavit and publication of the Articles as required by Code Section 7- 1-392, should
also be provided when available.
4. Publisher’s affidavit and public comment publication as required by regulation, or joint publication with Federal
regulator.
5. The filing fee as noted below.
4. PROCEDURES (REGULAR PROCESSING)
Initial contact should be made by phone with the Corporate Manager at (770) 986-1645.
1. When the entire organizers group has been formed, a meeting will be scheduled with the Commissioner, Senior Deputy
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